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119th Congress
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HOUSEH.R. 3074· 119th Congress

Bill to End Penny Production and Require Cash Rounding to Nearest Five Cents

Common Cents Act

Sponsor
Lisa McClain (R-MI)
Introduced
Apr 29, 2025
Last Action
Jul 15, 2026

Recorded legislative actions. Future votes are not implied.

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Introduced
Apr 29, 2025
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In Committee
Apr 29, 2025
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Passed Committee
Jul 23, 2025
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Passed House
Jul 14, 2026
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Received in Senate
Jul 15, 2026

AI-assisted analysis based on the official CRS summary. Source version: Jul 8, 2026. Analysis updated: Sep 16, 2026.

01 — The Text

What.

  • The Department of the Treasury must stop producing pennies, except for collector needs
  • Pennies remain legal tender despite production ending
  • Cash transactions must be rounded up or down to the nearest amount divisible by five cents
  • Rounding requirements apply to sales of goods or services, cash transfers, and wage payments
  • The bill takes effect one year after enactment
02 — The Stakes

So what?

  • The official summary does not specify effects on prices, inflation, or consumer costs
  • The official summary does not establish impacts on businesses, financial institutions, or low-income populations
  • The official summary does not quantify savings or costs to the Treasury from ending penny production
  • Rounding rules apply broadly to cash transactions but the summary does not detail how disputes would be resolved
03 — The Path

Now what?

  • House passed the bill by voice vote on July 14, 2026, under suspension of rules
  • Senate received the bill on July 15, 2026, and referred it to the Committee on Banking, Housing, and Urban Affairs
  • No further action recorded as of the provided data
  • The Committee on Financial Services reported an amended version in September 2025
Legislative History

Actions.

  • Jul 15, 2026 — Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
  • Jul 14, 2026 — The title of the measure was amended. Agreed to without objection.
  • Jul 14, 2026 — Motion to reconsider laid on the table Agreed to without objection.
  • Jul 14, 2026 — On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H4433-4434)
  • Jul 14, 2026 — Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
  • Jul 14, 2026 — DEBATE - The House proceeded with forty minutes of debate on H.R. 3074.
  • Jul 14, 2026 — Considered under suspension of the rules. (consideration: CR H4432-4438)
  • Jul 14, 2026 — Mr. Hill (AR) moved to suspend the rules and pass the bill, as amended.